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Phathom Pharmaceuticals Inc

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 2024

PHAT$5.33+1.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Statements of Cash Flows

(in thousands)

Nine Months EndedSeptember 30,
20242023
Cash flows from operating activities
Net loss$(259,875)$(122,022)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization602390
Stock-based compensation17,36020,441
Issuance of PIK interest debt2,7242,684
Accrued interest on revenue interest financing liability35,65616,265
Amortization of debt discount1,5631,311
Inventory reserve716—
Other4,2021,468
Changes in operating assets and liabilities:
Prepaid expenses and other current assets(1,784)(7,813)
Accounts receivable, net(19,415)—
Accounts payable and accrued expenses14,993(3,857)
Accrued clinical trial expenses—661
Accrued interest376103
Operating right-of-use assets and lease liabilities134147
Inventory(566)(111)
Other long-term assets—(3,450)
Net cash used in operating activities(203,314)(93,783)
Cash flows from investing activities
Cash paid for property and equipment(130)(1,159)
Net cash used in investing activities(130)(1,159)
Cash flows from financing activities
Proceeds from issuance of common stock from exercise of stock options303124
Net proceeds from issuance of debt34,650—
Net proceeds from underwritten public offering121,775141,390
Net proceeds from issuance of common stock under ATM facility—14,073
Net cash provided by financing activities156,728155,587
Net (decrease) increase in cash and cash equivalents and restricted cash(46,716)60,645
Cash and cash equivalents and restricted cash – beginning of period384,256155,890
Cash and cash equivalents and restricted cash – end of period$337,540$216,535
Supplemental disclosure of cash flow information
Interest paid$12,478$8,222
Supplemental disclosure of noncash investing and financing activities:
Final interest payment fee$1,050$—
Settlement of ESPP liability in common stock$2,401$1,417
Settlement of 401(k) liability in common stock$3,683$1,612
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.